Do you want your country's government to support crypto?

[GeorgeT]

The reason why cryptocurrency haven't been generally accepted all over the world is because most government of different countries haven't fully supported cryptocurrency. What's your country's government stance on cryptocurrency? Are they for or against cryptocurrency?

 

[Donald]

If cryptocurrency are supported by the government, it is going to make it to be more generally accepted by every business and this will bring about it being a legal and recognized currency.

 

[Jeff]

Everyone who is into cryptocurrency will always be happy to see the government support cryptocurrency 100% because it gives them more confidence and also boost the credibility of cryptocurrency.

 

[GeorgeT]

If cryptocurrency are supported by the government, it is going to make it to be more generally accepted by every business and this will bring about it being a legal and recognized currency.

Most of these governments are skeptical about how cryptocurrency is going to impact on their Fiat currencies which is the reason why they are not openly accepting cryptocurrency.

 

[Jeff]

Most of these governments are skeptical about how cryptocurrency is going to impact on their Fiat currencies which is the reason why they are not openly accepting cryptocurrency.

This is an act of being a coward by most of these governments. They should look at what El Salvador have been able to achieve by approving Bitcoin in their country.

 

[GeorgeT]

This is an act of being a coward by most of these governments. They should look at what El Salvador have been able to achieve by approving Bitcoin in their country.

Unfortunately, there are challenges with making use of cryptocurrency and also approving it as a legal tender in a country. The market of cryptocurrency can actually be very drastic and it can affect an economy drastically.

 

[James]

The reason why cryptocurrency haven't been generally accepted all over the world is because most government of different countries haven't fully supported cryptocurrency. What's your country's government stance on cryptocurrency? Are they for or against cryptocurrency?

A lot of countries are supporting the cryptocurrency movement, and while we still have some that are not I support, they have people that trade on it. We also have major institutions such as Blackrock now believing that cryptocurrency is the way to go. So, to be honest, I will be glad to have the government in my country support cryptocurrency.

 

[Kennysplash]

Well they are already in support of it after many years. Before they banned it claiming that it affects the fiat currency negatively, but I guess they realized that it’s not true and there is nothing they can do about the citizens usage.

 

[Heatman]

Unfortunately, the government of my country haven't backed cryptocurrency yet. In fact, they are fighting some of the cryptocurrency exchange websites that are operating in the country. A lot of them are closing up their services to Nigerians.

 

[Brian]

It was a landmark breakthrough and achievement for the president of United States of America Trump to support cryptocurrency, even create and launch his own cryptocurrency coin.